A new corporate entity is set to be established that will consolidate the real estate investment activity of Dubai Holding, a leading development group in the Gulf region.

Termed 'Sama Dubai,' the new entity will leverage synergies across international real estate activities, creating a portfolio of world-class interlinked real estate businesses, according to Khaleej Times.

As the first element of the company's portfolio, Sama Dubai will assume control of Dubai International Properties (DIP).